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Course description

Gaps in a bank’s wire transfer fraud program open the institution to significant risk including financial loss, compliance issues, lawsuits, and more. Gather your team and existing program while we get down-and-dirty with the most common deficiencies in bank programs and discuss tips to create a program that meets your strategic objectives while protecting the bank and its customers from unnecessary risk.

Attendees will review guidance and true cases where banks suffered financial losses for failures to properly implement provisions under the UCC, and discuss how implementing security controls can strengthen a bank’s defences.

In this session we will explore:

  • Most common wire transfer frauds affecting customers and banks*
  • Gaps that expose a bank to financial loss and risk
  • Important contract provisions
  • Security controls demonstrating success at detecting fraud
  • Practical tips for implementing FFIEC guidance
  • Recent shifts in wire transfer fraud insurance coverage
  • Tips for successful customer education

Learning Level: Intermediate – *Suggest an understanding of the types of wire fraud as these are not defined or covered in-depth. The focus is more on the bank’s wire fraud program, not fraud types.

AAP and CERP credits


  • Guidance and resources list
  • Internal training quiz with separate answer sheet
  • Wire Transfer Program checklist – top 10 considerations for community banks


Auditors, compliance officers, frontline personnel, wire transfer personnel, deposit operations management and personnel, security officers


Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise. For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference.

Course curriculum

  • 1


    • Your webinar video will be available soon...

    • Wire Transfer Fraud Prevention Programs

  • 2


    • Slides

    • FDIC Internet Banking Authentication

    • Money Laundering Red Flags

    • Quiz

    • Quiz with Answers

    • Questions and Answers

    • Attendance Sheet